Legal Question in Consumer Law in India
i have taken a loan of rs 8 lacs for business but business badly failed bank seal my house the only shelter of my family. bank is demanding rs. 14 lac but i pay only rs. 1182000.00 i am doing a labour
1 Answer from Attorneys
Pl. honestly represent your state and ask them co-operate most humanly.
Make them believe that you are a subject of situation, also state how
you wish to pay, if you have no resource appeal them to write off the debt
for practical situation. donot confront. sinceyou have almost cleared the debt,
perhaps so long you never represented in writing so as to Bank has presumed
you are deliberately not paying your debt.
further sealing of house requires so many proceeding by the respective bank
and your woes and cuase must be taken into account by the Bank.
And a praactical situation and real sitution is always a must observed norms by the Banks.
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